FX.co ★ GBP/USD analysis for March 26, 2018

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.4230. According to the Daily time – frame, I have found a smash day (trap for sellers) in the background, which is a sign that selling looks very risky. I also found a breakout of inside daily formation, which is another sign of the strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.4277 and at the price of 1.4340.

Resistance levels:

R1: 1.4175

R2: 1.4217

R3: 1.4262

Support levels:

S1: 1.4089

S2: 1.4045

S3: 1.4000

Trading recommendations for today: watch for potential buying opportunities.